Intervention Categories: Legal and policy; Regulatory change; Finance policy and financial aid; Fiscal policy
Level of Jurisdiction: National
Overview: The Government of India extended tax return timeframes for businesses.
Those with an aggregate annual turnover less than Rs. 5 Crore Last date can file GSTR-3B due in March, April and May 2020 by the last week of June 2020. No interest, late fee or penalty will be charged.
Others can file returns due in March, April and May 2020 by the last week of June 2020 but will incur a reduced rate of interest 9 percent per annum from five days after the due date. No late fee and penalty will be charged if paid by 30 June 2020.
Full details here: https://pib.gov.in/PressReleseDetail.aspx?PRID=1607942